Trade of the Month: Distell vs Sun International

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South Africa Headlines News

Distell’s looking bubbly, but patience is needed for Sun International

Sin stocks were severely punished in the various Covid-19 lockdowns. By"sin" stocks IM is referring to companies that rely on addictive vices to churn revenue and cash flows — such as liquor, tobacco and gaming counters.

Traditionally — thanks to unalterable human nature — these"sin" companies have been reliable cash flow generators and solid dividend payers. People will smoke, people will gamble and people will drink. Fact...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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